BTC Capital Management Inc. Boosts Stock Position in ORIX Co. (NYSE:IX)

BTC Capital Management Inc. raised its position in shares of ORIX Co. (NYSE:IX - Free Report) by 486.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 97,618 shares of the real estate investment trust's stock after purchasing an additional 80,977 shares during the quarter. BTC Capital Management Inc.'s holdings in ORIX were worth $2,039,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank of America Corp DE raised its holdings in shares of ORIX by 1.3% during the 4th quarter. Bank of America Corp DE now owns 424,770 shares of the real estate investment trust's stock worth $45,123,000 after acquiring an additional 5,301 shares in the last quarter. Todd Asset Management LLC boosted its position in ORIX by 0.6% in the 4th quarter. Todd Asset Management LLC now owns 346,220 shares of the real estate investment trust's stock valued at $36,779,000 after buying an additional 2,224 shares during the period. Boston Common Asset Management LLC boosted its holdings in shares of ORIX by 528.1% in the first quarter. Boston Common Asset Management LLC now owns 283,088 shares of the real estate investment trust's stock valued at $5,914,000 after purchasing an additional 238,014 shares during the period. Northern Trust Corp raised its position in ORIX by 62.8% during the 4th quarter. Northern Trust Corp now owns 213,971 shares of the real estate investment trust's stock valued at $22,730,000 after purchasing an additional 82,529 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its position in ORIX by 7.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 211,780 shares of the real estate investment trust's stock valued at $22,497,000 after purchasing an additional 14,140 shares in the last quarter. 1.73% of the stock is owned by institutional investors.

ORIX Stock Performance

Shares of NYSE IX traded up $0.01 during mid-day trading on Monday, hitting $21.27. The stock had a trading volume of 322,930 shares, compared to its average volume of 166,295. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.73 and a current ratio of 1.77. The company has a 50 day moving average of $20.09 and a two-hundred day moving average of $20.85. The firm has a market cap of $24.24 billion, a PE ratio of 1.85, a PEG ratio of 0.97 and a beta of 0.88. ORIX Co. has a twelve month low of $17.75 and a twelve month high of $25.17.

ORIX (NYSE:IX - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The real estate investment trust reported $0.46 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.20). The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $5.17 billion. ORIX had a net margin of 13.66% and a return on equity of 9.73%. Research analysts predict that ORIX Co. will post 11.31 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded ORIX from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th.

About ORIX

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.